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of course. so trying to -- china is a much interest in canadian energy and natural resources. we are very much interested in building trust, strategic trust and cooperation with china. and from enable perspective, of course, i'll give you one sort of anecdote. you were referring to this the islands, two months ago i attended the western pacific naval symposium hosted -- and have the opportunity to sit between the deputy commander of the people's liberation army navy, and the commander of the ambassadors japanese maritime self-defense force, a euphemism for the japanese navy. it was at a time when the island was leading on cnn and bbc. i thought as i was sitting between two them there's an opportunity for a canadian to do something extraordinary from an naval diplomatic perspective and put this thing to bed. [laughter] >> how did that go? >> not too well, not too well. [laughter] which is my point. i spoke with the chinese admirals interpreter. i spoke with admiral commander in english, a great conversation. but never was the bridge build or even considered. and i think one of the key issu
. michigan has been watching all the progression and the job goes to indiana. not to china. but to indiana. so the governor says okay, bay area do you think? 51 to 47%. michigan support this move to be a right to work state. there are 30 states headed up by the republican governors. you know what they have to do? clean up the problem for the past couple of decades to figure out how could we get jobs to stay in america. if this violence had been at a tea party do you think we would have heard the end of it? no. instead, it those be all of a sudden it's your fault or my fault. i'm to blame because if someone kills his girlfriend with a gun. i'm to blame if someone punchs somebody in the face. because of the republicans? it's not my fault people in michigan don't have jobs. >> bob: if you were with the united mine workers when they sent in guys with guns and shot these guys down there trying to execute the right to collective bargaining. long history. >> dana: collective bargaining is maintained in this bill. >> andrea: why are they fighting? there must be generous packages on the table. not
line of mac computers in china, apple is set to bring some of its manufacturing jobs back home to the usa. is this a political move or is this a clear-cut economic manufacturing move? here to discuss is "forbes" columnist and china export gordon chang, the author of "the coming collapse of china." serious question, do you think actual's doing this for politics or economics? >> actually both. but when you look at china, though, their manufacturing days are over. americans are less produmore pr less prone to strike -- >> are you sure american works are less prone to strike? we've reported on this show a whole bunch of strikes, including the hostess twinkie companies, the ports of los angeles and out on the west coast. we have obama in the white house. the unions are going whild here. in all seriousness, i don't think unions are any more placid here than they are in china. >> but in china, workers go out on wildcat strikes all the time. foxconn which manufactures about 97% of apple's products, they've been really subject to labor troubles, from suicides to strikes. so i think appl
owners in china. china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it. now, 90% of the wine from here-- that's 9,000 cases-- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods, for goods that are scarce, and for goods that are well made. rather than buying chinese-made products and sending our money over there, they're buying eir ican-made products and .ending their money back here. >> reporter: and the jobs stay here. re.and the jobs stay here. >> reporter: chinese firms, flush with cash, have invested $16.4 billion in the u.s. in the past decade, $1.3 billion in california companies, a record $560 million in just the past year. the chinese are also boosting the golden state's housing recovery. they've bought one out of every ean homes sold in the past year. >> compared to the high-end thiing like in beijing, this is not that expensive, though. r: reporter: di meng is a student at the university of oruthern ca
at the first north american exhibit of work by china's ai wei wei. brown: antique wooden stools from the chink dynasty. a video documenting changes along a major street in beijing an ancient vase with a modern-day logo. now on display at the smithsonian's museum in washington d.c. in an exhibition called "according to what," these are the works by the chinese artist away way. a prankster who can make a tea house literally out of tea leaves and represents the surveil-camera that watches him at his home in china is a marble sculpture. he's a visionary who helped design the bird's nest stadium for the application and whose use of social media is shifting the boundaries of art and activism and a dissident. he took a picture and tweeted it even as he was being arrested in 2009. and then spent 81 days in prison, was beaten and made the x-ray image of the damage he suffered into an art work. >> for me living in today's world, if you live in china, it's very hard to do a work which is not... which does not reflect or suggest the other possibility and meanings. all the works i do which connect or refle
of china selected new leaders, the secretive process produced a new president, l.a. lakers fan married to a rock star. but china's foreign policies are likely to stay the same. number five, moment morsi, islamist group, became president of egypt. as his predecessor, dictator ousted by his people, went on trial from his hospital bed. morsi impressed the west by helping to broker the cease fire that ended an outbreak of warfare between hamas and israel. he then disappointed many by aawarding himself sweeping power s at home, triggering new outbursts in tahrir square. number four, israel and hamas brought fuel on the fiery west in the region. one side firing rockets. for the first time, israel felt vulnerable in jerusalem and tell aaveev. before the big guns of diplomacy helped to broker a cease fire. number three in europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership, pay cuts, higher taxes as their weary government begs for more cash. committing to save the euro. it lives on, but for how long? >> the deadliest mont
is buying, -- china is buying, this is getting insane. >> we mean it, santa knows, prices are insane! hit my me, t me [ laughter ] neil: those predicts within 50 years china could be premiere financial economic giant, they have moved it to 20 years, and it is getting less and less time as we speak, so within 20 years, china eclipses us as the financial juggernaut of the world, carlos gutierrez, what do you make of that? >> they reduced growth rate to about 5% of out years, they must be making low assumptions about u.s. growth rate, but this is a wake-up call we have to be thinking about the future, for some reason, the report talks about a governnnce gap. i think we have a political crisis that stems from the fact that we can't seem to -- to look forward, we're always solving yesterday's problem or today's crisis, but we have to start looking to the future, we have an immigration system that dates back to the '50s we're not opening new trademmrket. you know we're just -- our energy we could have energy independence by 2020, we should be running full speed ahead. neil: this administration
aren't you shopping? i question your patriotism. >> i bought enough stuff from china and thrown it away already. >> right now for valentine's day shopping we have to solve that long beach strike. >> clerical workers. >> you can't get things i want to start shopping for for valentine's day the moment christmas and hanukkah is over. you have to start shopping for the next day. that will be constrained because of the port strike. >>> when we come back, house majority whip kevin mccarthy did sign this offer from the gop. can he convince the white house to back the republican solution to the fiscal cliff? one more look at futures on a tuesday morning as melissa said. not a lot of data today. just wait until the next three days. it all starts with adp, jobs coming up later this week. more "squawk on the street" back in a minute. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy
's turn to the global economy. associated press reporting that china has surpassed the u.s. as the leading trade partner. this comes as china announces the inflation rate rose 2% one month alone. sign of an economy gaining strength. what does it mean? brenda buttner, anchor of "bulls and bears." i was reading this article where shoppers in beijing have seen the prices of vegetables double in one week alone. inflation is a problem over there. what is causing it? >> basically it's not a bad problem, it's growth. china has numbers we can only dream of, growth of about 8%, we're below 2%. their factory output was up 10%. retail sales, 15%. so it is basically growth driven not supply side driven which is the kind of inflation you want to see. it's only 2%, that is well below the target of 4% is. it came down from 6.7%. >> gregg: so it's an issue not really a problem and outweighed by the huge growth. how does the inflation american consumers if at all? >> we buy a lot from china. it may be that some of the input may be more expensive. we may have to pay more, but it's more that china is becomin
stronger engines for growth. china slowing, europe is in recession. the main concern -- and this is a risk scenario. what they call a left tale, it's not the baseline, is we get a tipping process. that one bad thing here leads to another bad thing elsewhere which comes back here. and that's why the hope is somehow, somehow, i don't know how, but somehow in the next week, washington will find a way to avoid the fiscal cliff. >> from your lips to god's ears, thanks very much. mohammed al arian. mark zandy and christine romans. as long as congress does not trip us up, we're on the way to an economic renaissance in our country. >>> we are on the road to an economic renaissance. i want to you think about the united states economy like a runner along this road. full economic recovery and prosperity is the destination, the economy right now, that's warming up with a nice jog, getting ready to break into a full sprint. gross domestic product, the broadest measure for the economy grew by an annual rate of 3.1 over the summer, more than double the rate of the previous quarter. spending by americans
growth in the u.s. and that can become even stronger engines for both. china is slowing, europe is in recession. so the main concern -- and this is a risk scenario, what they call a left tail. it's not the baseline, is that we get a tipping process that one bad thing here leads to another bad thing elsewhere, which comes back here. and that's why the hope is somehow, somehow, i don't know how, but somehow in the next week washington will find a way to avoid this fiscal cliff. >> from your lips to god's ears, mohamed, thanks very much. coming up, as long as congress doesn't trip us up, we are on the way to an economic renaissance in this country. i'll explain. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> we are on the road to an economic renaissance. think about the united states econom
for the group. he was promoted second-in-command earlier this year. >>> back to the economy now, china apparently going on an american spending spree. a chinese company agreed to buy a big chunk of insurance giant aig for more than $4 billion after the company got a huge bailout during the u.s. financial crisis. that is not the only bargain that china is picking up from u.s. taxpayers lately. stuart varney on this morning, head of "varney & company" on fox business network. good morning, stuart. good to see you. >> good morning, martha. martha: they're gobbling up our assets in many ways . what do you make of it. >> they are spending the money they have got buying american assets cheap. you mentioned aig. a chinese company is paying $4 billion for aig's plane leasing business. aig remember got $189 billion as a bailout fund that was back in september of 2008. the taxpayers still are the largest shareholder in aig. we sold the plane leasing business to china cheap. second item, a 123 batteries, americans taxpayers gave that company $249 million in grants and another 250 million in tax s
'm with the world journal. could you address growing chinese assertiveness in south china sea and east china sea? and given china just announced they will intercept the ship's that go into territorial waters. so are you going to participate in upcoming defense talks with chinese? and what message do you want to tell them? thank you. >> well, thank you for that question. of course the issues that are being placed today in a south china sea and other areas in the north and central, east asia, i think are quite complicated because of the nature of the territorial disputes, some of them historic, some of them now driven by the need for access to resources in those areas, and that's i think to some degree has motivated some of the activities that you see, seeing there. the u.s. position as you know is that we don't take sides on territorial disputes. there's many of those around the globe, not just in the south china sea. but we do want them resolve peacefully, without coercion. and that we call on all the parties there, including the chinese, to ensure that as they approach these problems that they
other. they discovered they were twin sisters separated from birth in china it is against the one of the girls was given up for adoption. they share mannerisms and they were married in the same year. the husband has the same first name. >> steve: and they dress alike. >> gretchen: what a fantastic story. the rest of the headlines ttook over 50 years for the murderer of a 7 year old to b brought to justice. jack mccullah will be sentenced for the murder. it is one of the oldest unsolved crimes. he was dismissed as a suspect but arrested last year after the investigation reopened. >> steve: meanwhile a 22 year old woman in oregon jumped in her car and drove off after two kids tried to rob her at gun point. the boys later to be found 7 and 11 years old. demanded money and her phone. >> i was afraid he would shoot my tires or window. i didn't think i was safe. >> brian: the boys were caught and turns out the gun was not loaded it is not known how they got the gun. they were turned over to their familis and the case is expected to go to jv court. >> brian: two students are accused of b
the rnc have served itself better to have someone who was willing to break china on that vibe. are those five folks willing to break china? we know ericsson is. >>>kki haley is holding a news conference at noon. we do at least now know one thing about what she's up to. yesterday haley released a statement saying the state would be best served by a u.s. senator who would work hard day in and day out. same quote, accordingly, i reject the option of a place holder. she is it going to be in tim scott's district, that is why there is some bubbling up there. you have to think that she may be deciding to let this play out a little bit longer and let the media attention help a little bits far as her own base politics is concerned. >>> up next, the macks are back. will be here. they both lost their races in november. find out what these spouses are saying now about the climate in washington and they disagree with how to deal with the looming cliff. what is that like. nothing public. no fiscal cliff photo-op of the day. although, told we may have to watch for twitter hash tags. yo can i help you?
and move it over to china, cut your wage rate by 80%, produce there, bring the products back into the united states and then the huge new profits you make, share those with your shareholders and the executives. and that's where i disagree this globalization, free trade. they have really been unfair. one place i agree with hoffa. he was with me in the 90s. they are bringing mexican trucks into the united states, driving them on american highways, mexican drivers into rounder-cut american teamsters. i think that's wrong. i think the teamsters -- >> greta: yeah, yeah. but the united states is fighting that, they are shifty. they were saying that they were trying to prevent the trucks from coming into the country not as a trade issue, but saying it was a safety issue. there are a lot of games that the u.s. played on that. >> we weren't playing games. i said, why can't you make american teamster who is make high wages, they can't compete with a teamster in mexico who makes a fifth of the salary, driving on american highways. i think hoffa was right. but when they talk about a civi
.n. security resolutions. he also talked about china's decision to the aircraft carrier in the obama administration shifted À la terry resources for the pacific region. this is a half-hour. >> well, good morning and allow hot. i am glad to be here to talk to you about the pacific command, where we are today to where we see ourselves heading in the future. since the last time i was here, we continue to move forward on the rebalanced initiative after as directed by president obama. the rebalanced rows on the strengths of the entire u.s. government, including policy, diplomacy, trade and of course security and that the area i work in. for me, the rebalanced has been and continues to be the strength of the relationships, adjusting our military posture and presents and employ new capacities to ensure we continue to effectively and efficiently contribute to the stability of the asia-pacific as we protect u.s. national interests. of course the keys to success of the innovative access agreement, greatly increased exercises, rotational presence increases come efficient force posture in yeste
to end the civil war in syria. now, remember, both russia and china have blocked u.n. attempts to force out the assad regime. now the russians say they are willing to meet with the syrian opposition. it could open the door for real u.n. action on the ground, action that could mean american involvement. we've got more details in a live report in just a minute. >>> but also, russia's president formally saying no to americans who want to adopt russian children. it is a heartbreaking development for hundreds of americans who are trying to adopt children from russian orphana orphanages. that is happening right now. president vladimir putin signed the adoption ban today. sadly, more than 50 americans who were in the final stages of adopting russian children, they are not going to be able to. and while those families certainly hoping that they're going to allow these adoptions to go through, the country's child rights commissioner says that those kids are going to stay in russia. so why are the russians doing this? the ban is considered a payback of sorts for an american law that was passed tw
also have an economic competitor and a partner in china. they have a voracious appetite for natural resources and we're looking at new ways to get these in our own backyard, and maybe i will ask you this question, admiral. how important is the china factor in america energy program's going forward? >> i will talk to doubt, but i would like to mention a few puffs things about this report that may not have come out in your opening remarks. we definitely advocating opening of drilling in the united states where we cannot, but there is a very strong part of this report that says it has to be done safely and we know how to do it safely. that is one contribution of those of us who have served in the armed forces, we do a lot of dangerous stuff in the armed forces, fuel, nuclear power, explosives. the way we do that safely is a high standards, rigid enforcement, and very professional inspectors to do it. we strongly recommend applying this model to regulatory body so that we can do this safely, so that we can do oil retractions safely. that we can do safely. the general and i live in penns
saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think this is what's going to happen. i think it's 50-50 we get a deal. no vacation. no legislation, no vacation. i think that when people get their paycheck at the end of january, they are going to be sho
could be heading to china. yes, that's right. up next, the outrageous deal that could hand over an american company to the chinese. also, if you were drunk and high at work, would you expect to keep your job? these chrysler workers were caught on camera guzzling beer and smoking pom before building jeep. chrysler tried to get rid of them, but these workers are back on the job. on the job. yoururururururur [ male announcer ] red lobster's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh, this looks amazing! [ male announcer ] our new maine stays! 15entrees under $15, seafood, chicken and more! oothe tilapiawith roastedegetab! i'm actually looking at the wo grilled chicken with portobello wine sauce. at pork chop was great! no more fast food friday's! we're going to go to red lobster. yep. [ male announcer ] come try our new menu and sea food differently and introducing 7 lunch choices for just $7.99. salad, sandwiches, and more. >> american stimulus money could be heading to china. your tax money nearly a quarter billion dollars
president obama was responsible for jeep jobs being sent over to china, something that never happened. here is part of it. let's listen. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for everyone american job. >> i'm mitt romney and i approved this message. >> of course, that's the jeep ad, michael crowley. sometimes these guys get caught in realtime, because the governor of this state and everybody said it didn't happen. >> right. well, chris, this is one of those wonderful examples where something can be factually accurate and still a complete lie. in other words, the language in that ad i believe stands up. that chrysler was going to begin, again, making jeeps in china, for chinese? >> right, right. it made perfect sense. a lot of auto companies do this. they weren't going to be moving jobs from the u.s. to china. but obviously that's the clear implication of the ad. so the fundamental message is a lie. they just covered themselves enough with the language. maybe they thought they wouldn't get cal
. >> brian: millions of dollars in a green company only to sell it to china? stewart varney with another waste of your money. he's coming up now. ♪ it's my favorite time of year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is cash back on top of other rewards i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? ♪ >> gretchen: if you are just waking up it is 17 minutes past the top of the is it like a fire sale on america interest? china buying up u.s. compani
no doubt heard outsourcing to china blue there is a new phenomena bringing chinese students to college. but it's not clear cut outcome as pass/fail. >> 23-year-old arial jhang the central chinese province has a new normal at the u.s. college and universities. for the third straight year, most foreign students one in four hail from china. 194,000 students, 23% increase in previous year. >> they are paying tens of thousands in tuition. they are very driven. >> aggressive recruiting brings challenges. chief among them is trouble with the language. at some schools they use head set for english to mandarin translation. at the university of san francisco that enrolls hundreds of students from china, an administrator got fed up and quit. dale smith was associate dean at the usf business school. and isn't talking. but according to account in "san francisco chronicle" he feared influx that it might dilute the educational experience for the business students. i'll a valid concern, say experts who suggest the admission board rely as much on rig louse language screening as on test scores. >> it co
jeeps in china. >> that, of course, gets four pinocchios from the washington post. political pali "politics nation" gave it a pants on fire. let's hope we can play the game inside the lines from now on. we can all have our different opinions, but we can't have different facts. the truth is the truth. is the truth. thanks for watching. i'm al sharpton. "hardball starts" right now . >> severely conservative. let's play "hardball." >> good evening, i'm chris matthews down in washington. did you get the impression during the presidential campaign that the press was trying too hard to be even handed? did you think the people delivering the news were pushing what we call ambulanbalance at x expense of the obvious facts? the democrats in this election were like democrats going back to jack kennedy. but the republicans were far to the right as anything we've ever seen from that party, ever. self deportation, treat women like they belong in binders, ignore the rights of gay people, crack down on abortion rights, even in cases of rape. all the lingo in the gop platform approved in tampa, an
the time decorating with a christmas tree and stockings left behind from an earlier expedition. >> china has opened the world's longest high-speed rail line. it runs nearly 1,500 mi. from the country's capital and the north of guanmgzhou, in southern china. the line officially opened earlier this morning. trains on this high-speed online will initially run at 186 mi. per hour with a total travel time of about eight hours. before, the fastest time between the two cities by train was more than 20 hours. the chinese government plans to build a grid of high-speed railways which for east-west lines and for north-south lines by 2020. >> we will be right back. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new v
that that causes, particularly in an era where rising demand for petroleum in china and india and elsewhere is creating potential conflict for these resources, then you have to recognize that transportation has to be diversified away from petroleum where the prices are set on the world market. canada and norway have been net petroleum exporters, but they pay in those countries the same market price for a gallon of gasoline as we do. so you must diversify, and that includes electrification of short-haul transportation, light-duty trucks and vehicles, and the adoption of natural gas either in its lick if i quide or compressed forms for heavy-duty vehicles and over the road vehicles. but taken as a whole if the recommendations of the eslc are adopted, the united states has the potential to reduce our dependence on imported petroleum and thereby reduce our national security risk to improve our balance of payments and about half of our balance of payments deficit remains petroleum, and to increase our g.d.p. by the maximization of these activities in the united states rather than exporting our d
markets around the world were closed for christmas, and for the day after christm christmas. china, five-month high on the notion that the urbanization plan will gain spurs in the housing stocks there. japan, abe confirmed as prime minister there. the seventh prime minister in the past six years. we did see the yen hit a 20-month low against the u.s. dollar. notable lows against the euro as well. the topics in the nikkai the lowest in nine months. >> going back to his old job, that he had back in 2007. strange in and of itself. i wonder how long it will take for people to start talking about netflix after the outage going into christmas eve on social media. they were calling it no flix. and to blame amazon web services, which is one of their huge growth engines. a unit of the company they say is probably a tenth of its eventual size. >> one of the highest growth parts of amazon right now, the web services portion. their amazon is down 1.25%. i don't know if that's the reason. but it was the streaming center in northern virginia that was the source of the netflix outage. it's resolved, th
. >> thank you, steve. >>> for the first time apple is announcing how many iphones it sold in china. more than two million iphone fives sold in the first three days the devices were available in china. apple says that is the best debut for any iphone in china. >>> cisco selling off another piece of its consumer unit. the san jose based company has hired barclays to sell its router unit. last year cisco got rid of the flip camera business as well. they plan to focus on the software and technology business instead. >>> 6:21. there is an indiana jones mystery. who addressed a package to the movie character and why it may have been sent. >>> and is it the beginning of the end of the holiday tradition in pacifica? why fire works might be banned. >>> welcome back to the ktvu channel 2 morning news. early next year san francisco will start testing new street light technology. the city is partnering with eight separate companies that will show how well their different low energy systems work. all the lights can be made brighter or dimmer through remote wi-fi controls that will be tested in downto
outsourcing to china blue there is a new phenomena bringing chinese students to college. but it's not clear cut outcome as pass/fail. >> 23-year-old arial jhang the central chinese province has a new normal at the u.s. college and universities. for the third straight year, most foreign students one in four hail from china. 194,000 students, 23% increase in previous year. >> they are paying tens of thousands in tuition. they are very driven. >> aggressive recruiting brings challenges. chief among them is trouble with the language. at some schools they use head set for english to mandarin translation. at the university of san francisco that enrolls hundreds of students from china, an administrator got fed up and quit. dale smith was associate dean at the usf business school. and isn't talking. but according to account in "san francisco chronicle" he feared influx that it might dilute the educational experience for the business students. i'll a valid concern, say experts who suggest the admission board rely as much on rig louse language screening as on test scores. >> it could go smoothly. it
for government efficiency, at least in china, ge's ceo's stunning analysis of the communist economic and political system. record finds for wall street's money laundering bank of record, mexican drug cartels, middle east terrorists, african dictators all among hsbc's clientele, and no one is going to jail? why not? legal experts join us here next >> british banking giant, hsbc agreed to pay a record dollars 1.9 billion to settle allegations it landerred money from mexican drug lords, and sanctions transactions from iran illegally. lenny brewer said that the scale of hsbc's operation was stunning. >> at least one occasion, hsbc instructed a bank in iran on how to format payment messages so that transactions would not be blocked or rejected by the united states. lou: brewer however also defended the decision to not prosecute the bank, he said. if authorities pressed charges hsbc would almost certainly have lost its banks license here in this country which would have cost thousands of jobs, joining us now to assess this, and more, former prosecutor alease wheel, and artie idala . is --
orbit. china opened the world long as high-speed rail line. there was nearly 1,500 mi. from the country's capital to the north and southern china. the line officially opened early this morning. trains on a high-speed line will initially run a one- handed hundred 86 mi. per hour with a total travel time of about eight hours. before the fans is that between two cities by train was more than 20 hours. the chinese government plans to build a grid of high-speed railways with four east west lines and for north-south lines by 2020. after our show dr. phil at 10:00 a.m.. we will be right back. >> despite a summer slump at the box office 2012 is expected to mark the industry's highest year on record. it forecast hold through up out the end of the year the industry was the up nearly $11 billion in ticket sales. films including the avengers, the hundred games, and the twilight saba breaking dawn help keep revenue afloat. clinton andclinton tarantino die unchain and a musical light as a route which opened yesterday are expected to help 2012 and not a high note. does the customs and is expecting it
. charles: not yet. stuart: investors are character out on apple losing market share in china and samsung stepping in and fox and friends host as resident tech guru, here is the question, clayton, has apple lost its cool? and also, netflix in trouble with the sec over facebook status, what? find out why after this break. ♪ [ male announcer ] this is karen anjeremiah. they don't kn it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life togeth where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. gethe mercedes-benz on your wi list at the winter event going o w thugh december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month
system -- the reaction to china they just have a police chief said the prosecutor and the justice they get together and what kind of system is that? where does the defense have these rights? that's right, and then i think, you know, 98% or 95% of the cases are decided by a plea-bargain between the prosecutor and the lead defense lawyer. and i say what kind of a system is that? .. >> go into a courtroom. it's a nasty system. and it isn't terribly efficient. they put it in because hamilton and the others hoped it would do one kind of a guarantee of a certain kind of basic liberty. and, of course, i believed in that. i wouldn't spend so much time -- yes. now, here. sorry. >> thanks. justice breyer, and john. i write the mitchell report. as i was listening to the beginning of this conversation between the two of you i was reminded of a wonderful conversation that took place probably 30 plus years ago between bill moyers and one of, a former justice, justice blackmun, talking about the constitution. answer this question sort of goes to at what's at the heart of constitutionalism and ru
and implementation of a national high-speed rail system is one of my highest priorities. china is offering 13 types of railways and has 20 under construction. by 2020 this network will cover nearly 10,000 miles. when i looked at the title of this hearing about what mistakes have been made it seems to me one of the number one mistakes is our lack of continued commitment to high speed rail in providing adequate dollars to be able to have a true system in the united states. not only are we not investing in alternative to highway system that we are spending it on band-aids for infrastructure rather than investing in the top tier system. our president has taken bold steps and the secretary has carried that flag with us but we must provide the support to provide the additional dollars that are certainly going to be needed as mr. denham reference to get the project going. when you consider the amount of money spent on gasoline, aging infrastructure and all of the changes, certainly high speed rail must be at the forefront and when you consider federal reserve bank of san francisco reference the infrastruc
deficit to china being $29.8 billion per month. that is just one country. you start to add up all the trade deficit that we have with all of these different trading partners over the years, i am sure that it is close to about $1 trillion per year. >> thank you for the comments. let's go to sarasota next. caller: good afternoon. the way that i look at it, as a 74-year-old professional pharmacist with a minor in economics, the reason i am independent is because republicans and democrats cannot seem to get it together. the biggest problem that we have now is the reason why we cannot do what we are supposed to do for the entire country. one middleman adnan grover norquist. someone who was never even elected. here is a man that has caused all the problems. all of the republicans have signed this pledge, which to me is unconstitutional. without him, we would not be talking today. >> salem, oregon, republican line. you are on the air. caller: good morning. as a college student, and i have listened to every single caller, this is an embarrassing day for our country. i am a first-time job
. i do think there is a level of naivete for americans that often compare what is going on in china to what is going on in the united states. having spent some time in the construction industry, there is a certain nimbleness to communism. there is the freedom of just taking over land because the country owns it all and they can say to citizens "we like this land and you leave." there is a speed and cost savings that does not allow us to compare what is going on in china today. economies are much different. our systems of government are much different. it would probably be helpful for the overall conversation to set aside those comparisons. i would like to focus on what is going on in california. can you give us an idea of what the real time line is that you expect it to be? how much more money will this cost the taxpayers to subsidize california's high speed rail? >> the investments that are being made in high-speed rail across america amount to a little over $10 billion so far. states are putting in their own money. california is certainly doing that. their assembly voted tto sell
an excessive it example, take your apples and iphones. they have 700,000 jobs of in china. the daily wage average, the people making these funds and china, 700 of and people make $2 or $3 an hour. people ask why does apple not move the jobs here? you cannot find anybody here. and a buddy who's and, would >> up at two or $3. they can make them over there, fit them over here. they are not involved in slavery. i am giving you the sense of so think of lumber are browned the world and being a book whose dome maxima and profitability while minimizing the price of a u.s. selling. apple has a huge margin. we have the understanding of slavery. how do we attack it based on this economic profile? understanding the shift, it. as to certain kinds of tactics and policies that might prove more effective. making it less profitable, awarding to be evolves in the process of child labor etc.. understanding claim supply chains. they are coming from over there. the baby tainted that certain points. leveraged demand as consumers as a wearing demand involved in global supply chains so we can make choices to pro
.com/mornings. >>> apple is doing brisk business in china with the new iphone and google avoids penalties in an anti-trust investigation. jason brooks with kcbs and cbsmoneywatch.com, good morning. >> reporter: good morning. apple has been under pressure of late. we have seen its stock drop about $200 since hitting an all- time high over $700 back in september. iphone sales have been a big worry with the new 5 out. but it looks like sales were off to a strong start in china. apple says it sold 2 million iphone 5s in the first three days of business in china. there are some expectations that the company could sell up to 50 million iphones in the current quarter. there are other concerns about the new ipad mini cannibalizing sales of its larger sibling. >>> google is unscathed by an antitrust investigation here in the united states, according to the "wall street journal." a number of rivals say google's search practices emphasize its own services and companies over that of competitors but the "wall street journal" says u.s. federal trade commission won't force google to sign a consent decree and googl
point to someone in china. john lucas is an internet security expert and the international president of high-tech crime experts. did i get your last anytime right? >> close. megyn: thanks for the clarification. now, he's on his personal computer, but he's on government sort of property doing work for the government on his personal computer, and he's talking to people who still have all the clearances and so on, and why do we believe it was the chinese? >> well, what happens is when the fbi or anybody gets involved and started tracking this back, we're going to trace the ip addresses and the connections that gives you a connection from where the source is coming from. now, i guess they ended up in china, but that doesn't necessarily mean that it could have been someone from china. somebody could have hacked in from another country and started that attack from a chinese server inbound to the u.s. but the fbi's very, very, you know, keen on this stuff, so i'm sure the end source was china. megyn: they say that he not only is he, obviously, the former chairman of the joint chiefs, but th
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